A former New York lawmaker will spend at least four years in prison following his conviction in a Hamptons insurance fraud case.
George Guldi was sentenced in Suffolk County Court in Riverhead to three to nine years for grand larceny and one to three years on insurance fraud. The sentences will run consecutively.
Prosecutors say Guldi pocketed $853,000 in insurance money. The house was not rebuilt after a 2008 fire.
Guldi was convicted last month of grand larceny and insurance fraud involving his Westhampton Beach home. He was acquitted of a forgery charge.
He plans to appeal.
Guldi was a Suffolk County legislator from 1995 to 2003. He faces another trial in a separate mortgage fraud case.
Topics Legislation Fraud New York
Was this article valuable?
Here are more articles you may enjoy.
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
What Analysts Are Saying About the 2026 P/C Insurance Market 
